This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $101k initial cash invested.
-5.86%
Cash On Cash
5.38%
Cap Rate
0.83
DSCR
$3,358
Rent
-$491
Cashflow
Cash Flow
$3,358 income − $3,849 expenses = $491 out of pocket
Investment Breakdown
|
Purchase Price
$393k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$78,600
Closing costs
1%
$3,930
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,358
Total Expenses
$3,849
Mortgage P&I
63%
$2,118
Property Taxes
10%
$352
Home Insurance
4%
$140
HOA
3%
$98
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369